Long term argument for bitcoin

[Palider]

Bitcoin has first mover advantage, which is something that cannot be understated. If you ask around, most people have only ever heard of Bitcoin. The name is already a brand known worldwide (but not in mainstream yet).

That doesn`t guarantee anything going into the future, as it might change in the next 3-5 years.. But for now and the near future, Bitcoin will remain at the top.

Bitcoins and Litecoins are just the same. They are both crypto the difference is the extent of the person trusting bitcoins and who invest in bitcoins. Bitcoins have higher volumes while litecoins are only low. In volume, the difference is far apart. If the price is about x1000 the difference between Bitcoins and Litecoins.

[bitcad4u]

Bitcoins and Litecoins are just the same. They are both crypto the difference is the extent of the person trusting bitcoins and who invest in bitcoins. Bitcoins have higher volumes while litecoins are only low. In volume, the difference is far apart. If the price is about x1000 the difference between Bitcoins and Litecoins.

Bitcoin is a digital currency system it's a more advantage which is something can't be understanding and all are most known only a bitcoin because it only reach world wide across after that only a altcoin like lite coin  and all so this is the part of reason to growth of Bitcoin.

[Nahl]

Bitcoin as the mother of cryptocurrencies will always be the most favourite for every cryptocurrencies users that's why don't compare between altcoin such as Litecoin and bitcoin because obviously people will choose bitcoin will more profitable for long term purposse and it will more good if you have all of them because i personally consider Bitcoin and Litecoin is good for long term asset and make 80% for bitcoin and 20% for Litecoin from your investment is very good i think

[Rinder]

Bitcoin besides being the first crypto currencie wich had achieved sucess, it is currently one of the most profitable mining currencies, have a huge volume of investment into it, besides its potencial to keep growing and legalization is coming from more countries, wich should legalize bitcoin at first. Litecoin isnt a bad coin at all, but well not such profitable as bitcoin, and not soo volatil as it, litecoin is like the child were usually people make some tests, like segwit and then they implement into bitcoin, i do like a lot litecoin since i havent to wait hours to get my transaction confirmed, but there are faster coins with much lower value like doge, wich has becamed a coin of speculation and nothing else.

[Owl_Fintech]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

If you compare the hashrate and mining decentralization of Litecoin and Bitcoin, you will be able to see that the difference is not only in the fact that Bitcoin is the first.

And when you compare the network effect, you will be able to see that Bitcoin is far ahead of Litecoin and any other crypto.

[n0ne]

Op needs to understand the difference that exist between bitcoin and the other altcoins. Growth similar to bitcoin takes place with lots of altcoins, but how long that lasts is the question. With bitcoin that is different, it has proved it to be potential and long lasting overcoming lots of hurdles.

[djsugar]

Market size matters a lot!

Bitcoin is getting popular globally. People know cryptocurrencies through Bitcoin. Bitcoin is a base currency in most of the exchanges. It is being accepted at many stores globally. Banks are integrating it. Countries are legalizing it. There are indeed many Altcoins in the market better than Bitcoin in terms of technology or use cases. But bitcoin is getting global adoption that is increasing its demand. Right now it isn't possible for any altcoin to reach anywhere near it in terms of demand.

[z38630610]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Bitcoin is mother of cyrptocurrency and also king of altcoins. This makes bitcoin more valuable. Because many people have started to use bitcoin before altcoins are mined and now they are investing with bitcoin too. They choose bitcoin than altcoins. Maybe this situation may be changed but it is going to be very hard for altcoin investors.

[carriebee]

This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.

[arseaboy]

This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.

well its been witness and only time will tell whether what can be the fate of bitcoin but surely for those who already inside the system they already enjoying what bitcoin gave them, there's no argument regarding to many new user who also having their faith that bitcoin will give them good revenue.

[Yaunfitda]

Market size matters a lot!

Bitcoin is getting popular globally. People know cryptocurrencies through Bitcoin. Bitcoin is a base currency in most of the exchanges. It is being accepted at many stores globally. Banks are integrating it. Countries are legalizing it. There are indeed many Altcoins in the market better than Bitcoin in terms of technology or use cases. But bitcoin is getting global adoption that is increasing its demand. Right now it isn't possible for any altcoin to reach anywhere near it in terms of demand.

You lost me their for a minute. Bitcoin is not yet universally accepted by many stores. Even Amazon has put aside the idea of accepting it. And banks are not integrating it, but the technology behind it - Blockchain is what they are acknowledging. Banks would never accept bitcoin in my opinion.

Definitely bitcoin is the first crypto to attract investors worldwide. By just looking at the price alone, it definitely reach mass acceptance and most sentiments of the people around are very positive. And its now starting to be a store of value or investment for most of us. I don't think that any altcoin today could have a feature like that because they are being used for Pump and Dump only.

[Lanatsa]

This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.

well its been witness and only time will tell whether what can be the fate of bitcoin but surely for those who already inside the system they already enjoying what bitcoin gave them, there's no argument regarding to many new user who also having their faith that bitcoin will give them good revenue.

If we do decide to engage on bitcoin then it would turn out that we do really have fate on it to give us decent profits not only on bitcoin but also to altcoins. Regarding on long term argument then it cant be remove since people do have different perspective when it comes to anything. For now the most important thing is that we should cherish the possible opportunities that bitcoin would give.

[evilgreed]

This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.

well its been witness and only time will tell whether what can be the fate of bitcoin but surely for those who already inside the system they already enjoying what bitcoin gave them, there's no argument regarding to many new user who also having their faith that bitcoin will give them good revenue.

If we do decide to engage on bitcoin then it would turn out that we do really have fate on it to give us decent profits not only on bitcoin but also to altcoins. Regarding on long term argument then it cant be remove since people do have different perspective when it comes to anything. For now the most important thing is that we should cherish the possible opportunities that bitcoin would give.

                                 Yes exactly. We do have different point of views to what we see and hear, and since it has been argued most of the time, there is nothing wrong having bitcoin, and some other investments right such as alt coins? It is not that if you believe on bitcoin, you are already disregarding those new and has greater potentials than bitcoin, it is only that bitcoin is the first crypto currency that has been made, and as you can notice even though those coins that has better features than bitcoin, are still depending on bitcoin's price.

[equator]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

It is not like bitcoin came first so he is the king, but the main point is it is not controlled by any developer and it is free to use and no one is holding pre coins so that they can dump and run away. But if you see other coins they are fully manipulated by the developers as they are holding high percentage of their own coins so that they can manipulate their coin.

[AVAMONEY]

Yes it is important, as bitcoin was mother of crypto currency's, with market users matters a lot!
Some altcoins has been try to reach bitcoins size, but it always failed even was Litecoin. This year bitcoin was reported to many news related about it security, price and many thing, this cause attracted many new bitcoins holder interest to learn it and investing.
In fact, Bitcoins still being top of crypto market cap, there nothing reason to compare it.

[billionaireSHS]

It is not important that bitcoin is first, besides for me I choose bitcoin rather than litecoin because it is more secure and trusted base on my own experience. In addition, being a bitcoin users I will prioritized first bitcoin rather than other coins.

[ohlawdy]

That bitcoin was first is an important factor yes , but i won't be that important forever.
There really is no long term argument for bitcoin , they are not solving their scaling issues and the community is only more split.
Almost every coin can offer the same bitcoin has and most can offer something better , so the first mover advantage is clear here.

[t3m4nc0k]

everyone can already know the bitcoin before the other altcoin hence the bitcoin will remain the first and the best in crypto. because all the beginning crypto is a bitcoin that will remain the choice of everyone

[jaysabi]

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

First mover advantage is always important, but Bitcoin always feels on the verge of not keeping up with innovation of squandering its first mover advantage. Block size is going to remain an impediment to expansion. SegWit has so far done a fine job handling the immediate crunch, but it's another limit that will hard cap the capacity and there hasn't been a lot of enthusiasm to further raising the block size. Lightning network as far as I understand it seems like a centralized solution which is not in keeping with the spirit of Bitcoin.

There are lots of examples of companies squandering first mover advantage. Pandora was the first music streaming service, but didn't adapt and keep up with market demands and now has been largely supplanted by Spotify and to a lesser extend, Apple Music. There's no shortage of other examples. Bitcoin hasn't demonstrated to me it's committed to not squandering their advantage.

[kingragnar]

Let's say that the bitcoin has a long term but we can not even get rid of our minds that bitcoin is in the middle of his term because it's too late and he's the first digital currency probably just ending its end. The only difference is that bitcoin was the first.? Maybe it is. because many people are confident that it is here and that most of us have been tested so maybe that